Capital Region Attracts More 20- and 30-Somethings
Twenty- and 30-somethings from both within and outside New York on average moved to the Capital Region in greater numbers between 2016 and 2020 than they did during the preceding five-year period. This migration inflow reverses a declining trend the region had seen with these demographics, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau American Community Survey (ACS) estimates.
Intrastate Movers
Between 2016 and 2020, an annual average 15,831 adults between 20 and 29 years old moved into one of the Capital Region’s eight counties from another county in New York State – an increase of 1,487 intrastate movers from the previous five-year period. And during the same period, Capital Region counties saw an annual average intrastate influx of 8,757 adults between 30 and 39 years old, or 2,059 more than the previous five-year period’s average. These averages include people moving from one Capital Region County to another as well as movers from other regions, such as New York City.
Interstate Movers
Bigger waves of 20- and 30- somethings were also coming to the region from out-of-state. During the five-year period ending in 2020, an average 6,546 out-of-state movers in their 20s came to the Capital Region – a 10 percent increase from the preceding five-year average. An addition average 2,572 movers in their 30s came to the region from other states – up 7 percent.
Flow Reversals
Between 2011 and 2015 and the preceding five-year period, the region’s number of 20-something movers from other counties in New York declined by 1,041 and the number of 30-somesomething movers was down by 340. During the same periods, the region’s average number out-of-state movers had increased by 779 for of 20-somethings but decreased by 443 for 30-somethings.
CEG Initiatives
In April 2021, CEG launched a talent attraction campaign using the CapNY brand, along with a website – GoCapNY.com – and its associated social media channels. To help attract even more young professionals to the Capital Region, CEG launched a CapNY Connectors initiative. The Connectors are local residents who love living in the Capital Region and who have volunteered to share that love to help connect prospective new residents to our community. They work in diverse industries, pursue unique interests, and come from all walks of life. The CapNY Connectors are available to answer questions and discuss first-hand experience of what it’s like to work and live in CapNY.
Young professionals can find a connector who shares their interests and ambitions by checking out the profiles on the GoCapNY website. Website visitors who are unsure of whom they should connect with, can fill out the form to provide some additional details, and the CapNY networking team will make a connection for them.
Visit CapNY Connectors at https://gocapny.com/capny-connectors.
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